100 Chicago startups raised $751 M in the first half of 2018

Hot off the press (July 11, 2018) 100 Chicago startups raised $751 M in the first half of 2018

$58 billion: That’s the number of venture capital dollars invested in 3,912 companies across the U.S. so far in 2018, according to VC and M&A database Pitchbook.

In the Chicagoland area specifically, more than $751 million was invested across 100 deals so far this year, though Q2 was slower than Q1. Only 36 companies received funding in Q2, compared to 64 in Q1. Some of the most notable fundraising deals in Q2 came from Project44, which raised $35 million in April, and tastytrade, which raised $20 million in June.

Chicago’s deals are in line with national trends that show the venture capital ecosystem is shifting shape and the new normal is one where capital is concentrated into fewer, larger deals.